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Top 30 facts about IoT

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As we are exploring IoT, let’s delve into 30 more interesting facts about IoT and why it is becoming one of the important allies in the development of technology and reshaping our modern way of life. The Top 30 facts about IoT are:-

  1. According to IHS Markit, over 30 billion IoT devices will be in use by 2025.
  2. According to IDC, IoT is expected to generate 79.4 zettabytes of data by 2025.
  3. As per Global Market Insights, the global IoT market is projected to reach $1.1 trillion by 2026.
  4. According to PwC analysis, IoT could add $13-15 trillion to global GDP over the next 15 years.
  5. According to Statista data, the IoT sector is the largest manufacturing sector representing 30% of the market.
  6. According to Gartner research, IoT security spending is predicted to reach $29 billion by 2026.
  7. As per ITU reports, around 9.5 billion IoT connections were found.
  8. According to IDC, IoT devices are projected to generate 79.4 zettabytes of data by 2025.
  9. According to IDC, China, North America, and Europe account for 74% of global IoT spending.
  10. According to Gartner, Semi-autonomous vehicles represent the largest segment of connected cars in 2022.
  11. According to Global Market Insights, IoT retail is forecasted to reach $35 billion in 2025.
  12. As per BBC research, the IoT healthcare market is estimated to reach $534.3 billion by 2025.
  13. According to Technavio, Smart homes IoT is predicted to grow at 17.4% annually through 2025.
  14. According to Cisco, over 70% of organizations integrated IoT into their business or products.
  15. According to IDC, worldwide spending on IoT endpoints and services was approximately $725 billion in 2019.
  16. According to ReportLinker, the IoT analytics market is projected to reach $32.4 billion by 2027.
  17. As per Global Market Insights, the Global IoT chipset market exceeded $20 billion by 2027.
  18. According to GSMA, 4.1 billion cellular IoT connections are possible by 2025.
  19. As per Ericsson, 5G connections are forecasted to reach 3.7 billion globally by 2025.
  20. Fortune Business Insights states that the IoT security market is predicted to reach $73.4 billion by 2028.
  21. IDC says, Industrial manufacturing is estimated to invest $239 billion in IoT by 2025.
  22. As per Statista, the Global consumer IoT market is expected to reach $410 billion by 2022.
  23. As per Microsoft, Over 50% of developers who created IoT apps on the Azure cloud platform are first-time users.
  24. According to IEA, electricity grid modernization investments over 2020-2030 could reach $3 trillion globally.
  25. As per GSMA, power-wide area networks are key for cellular IoT with 1.7 billion connections by 2025.
  26. According to Microsoft, the top challenges for IoT adoption are security (51%), connectivity (44%), and cost (36%).
  27. As per IoT Analytics, the top IoT applications are smart building (26%), connected health (19%), and smart grid/energy (15%).
  28. As per Microsoft, the top IoT industry drivers are operational efficiencies (70%) and increased customer satisfaction (62%).
  29. As per Infosys, the Top IoT vertical investments over the next 3 years are manufacturing, transportation, and utilities.
  30. As per Capterra, the leading IoT platform and cloud providers are AWS, Microsoft Azure, Google Cloud, IBM Watson, and Salesforce IoT.

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